Top 10 Up-And-Coming Industry Leaders in Healthcare 2019

May 7, 2019 | Modern Medicine

Brigitte Nettesheim, president, North Central Region and Joint Ventures, Aetna, Chicago

Nettesheim, 46, began leading strategy for Aetna’s joint venture markets in 2016 and its North Central territory as well in 2018. In these roles, she is responsible for deepening Aetna’s relationships with consumers, employers, and providers, with a focus on transforming the way healthcare is delivered locally. Previously, she led Aetna’s Accountable Care Solutions and was a principal at The Chartis Group. She also held roles at Aetna in strategy, sales, service, and network management. Nettesheim served in the U.S. Army, rising to the rank of Captain.

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JAL and Malaysia Airlines Aim to Form 'Joint Venture'

May 8, 2019 | Asian Review

TOKYO -- Japan Airlines and Malaysia Airlines are entering a flight-sharing and marketing tie-up, as the Japanese carrier takes another step to expand its Asian alliances since it was freed from government restrictions in 2017.

The restrictions were imposed after the airline in 2010 was bailed out under the Corporate Rehabilitation Law. The tie-up with Malaysia Airlines is expected to strengthen its network of international flights.

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Brazil's Vale to Spend $2.5 Billion On Technology to Prevent Mining Dam Disasters

May 9, 2019 | NASDAQ

RIO DE JANEIRO, May 9 (Reuters) - Brazil's Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that removes the need for tailings dams, the waste facilities responsible for two deadly mining disasters in the past four years.

The funds will be mainly used to convert Vale's Carajas mining complex in northern Brazil to disposing of 100 percent of its tailings through dry processes, Vale's director of ferrous planning and development, Fabiano Carvalho Filho, said in an email response to questions from Reuters.

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Rio Tinto ‘Determined’ to Aid Climate Change Solution

May 10, 2019 | Australian Mining

Rio Tinto’s products “have a major role to play in transition to a low-carbon economy”, according to a speech by chairman Simon Thompson.

Thompson, who made the comments at Rio Tinto’s annual general meeting (AGM) in Perth, said the company’s highly publicised sale of its coal assets last year — which included two Queensland mines to Glencore for over $2 billion — did not affect the company’s growth.

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$13 Billion Debt Now in Focus After Collapse of Tata Steel-Thyssenkrupp Deal

May 13, 2019 | Bloomberg

The collapse of Tata Steel Ltd.’s planned joint venture with Thyssenkrupp AG has brought the Indian group’s more than $13 billion of debt in focus, with no immediate prospect of its European unit being hived off.

The deal would have transferred some of the debt to the joint venture, allowing the Mumbai-based company to sharpen its focus on ramping up its Indian business. Tata’s European operations have debt of 2.2 billion euros ($2.5 billion) and the joint venture was an “important strategic initiative” to create a sustainable portfolio in Europe, the company said Friday. The company’s group debt stood at $13.15 billion as of March end, the highest among Indian steelmakers.

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Rio Tinto Cleared to Expand West Angelas Iron Ore Project

May 13, 2019 | Australian Mining

Rio Tinto’s proposed expansion of the West Angelas iron ore mine in the Pilbara, Western Australia is a step closer to construction with the Environmental Protection Authority (EPA)’s approval.

West Angelas’ Deposits C, D and G will be enlarged by 4100 hectares to 26,700 hectares to sustain production levels at 34 million tonnes a year with the growth project.

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SK Innovation to Invest $490 Million in Second Chinese Car Battery Plant

May 14, 2019 | Reuters

SEOUL (Reuters) - South Korea’s SK Innovation said on Wednesday that it plans to invest 579.9 billion won ($488.30 million) to build its second China factory for electric vehicle batteries, in a bet that China will open up its market to Korean battery makers.

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The Hulu/Disney/Comcast Divorce, Explained

May 14, 2019 | The Vox

The giant media companies are consolidating and getting bigger so they can take on the giant tech companies. The result for consumers: You’re going to need to work harder to find your favorite TV shows.

Today’s example of this phenomenon comes from Disney and Comcast*, which announced that Comcast’s NBCUniversal will be breaking away from Hulu, the streaming video service, over the next few years.

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Haven, the New Health Venture Led by Amazon, Berkshire

May 16, 2019 | CNBC

Haven, the health joint venture formed last year by Amazon, Berkshire Hathaway and J.P. Morgan, has lost Chief Operating Officer Jack Stoddard just nine months into his new role.

Stoddard, who was most recently general manager for digital health at Comcast, confirmed to CNBC on Thursday that he departed Haven for personal reasons, including the length of his commute from his home in Philadelphia to Haven’s headquarters in Boston. Stoddard was Haven’s second hire in 2018, following Atul Gawande, the renowned author and surgeon who was named CEO last June.

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Rheinmetall Sets Up Joint Venture With FRAEN

May 27, 2019 | Market Watch

Rheinmetall AG (RHM.XE) said Monday that it set up a joint venture with FRAEN Corp. to serve the U.S. defense market.

The German company said the joint venture is called Rheinmetall Fraen Fuzes LLC and will develop and produce military fuzes.

Rheinmetall will hold a 51% share in the new company, with the remaining 49% held by FRAEN Corp. The joint venture will be based at FRAEN Corp.'s headquarters in Reading, Mass.

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EVO Payments and BCI to Establish New Card Acceptance Joint Venture in Chile

May 28, 2019 | Global Newswire

ATLANTA, May 28, 2019 (GLOBE NEWSWIRE) -- EVO Payments, Inc. (NASDAQ: EVOP), (“EVO”) a leading global provider of payment technology integrations and acquiring solutions, announced today that it is forming a 10-year joint venture with Banco de Crédito e Inversiones (“Bci”), the third largest private bank in Chile. As a result of the joint venture, EVO will become the first international merchant acquirer to enter the Chilean market by partnering with a national financial institution.

Founded in 1937, Bci supports over 70,000 business customers and more than 325 retail branches throughout the country. Bci has a track record of payments innovation, evidenced by its leading mobile payment solution, MACH, that currently provides P2P payments for over 1 million subscribers.

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